Shalakany Successfully Submitted a Mandatory Tender Offer
Shalakany is pleased to announce that it has successfully deposited with the Egyptian Financial Regulatory Authority (the “FRA”) on behalf of its client, Emirates Advanced investments Holding LLC, a mandatory tender offer for the acquisition of up to 100% of the shares of Alexandria New Medical Center S.A.E for an aggregate price exceeding half a […]
read moreShalakany wins favorable DIFC-LCIA arbitration award for Egyptian Start-up Company against subsidiary of FTSE 100 Group
Cairo, Egypt – Shalakany is pleased to announce that it is has obtained a favorable award in a DIFC-LCIA arbitration, governed by Emirati Law, for an Egyptian Technology enabled Property Start-up against a member of a FTSE 100 Group. Adam El Shalakany, Senior Partner from Shalakany acting on this matter said: “We are pleased to […]
read morePartner, Muhammad Ussama, participated in the Linklaters 7th CARTAL Conference on International Commercial Arbitration, 2023
Shalakany is delighted to share that Partner, Muhammad Ussama, participated in the Linklaters 7th CARTAL Conference on International Commercial Arbitration, 2023 which was held on February 10-12 in Jodhpur, India. Muhammad Ussama participated as a speaker discussing the topic of Arbitration and Insolvency: Avoiding a Collision Course. He was joined by panelists Mesdames Jelita Pandjaitan […]
read moreAHMED SHOEIB
Practice Areas Civil Law Labor Law Commercial Law Competition Law Mergers and Acquisitions Biography Ahmed Joined the firm litigation department in 2009. Ahmed represents both national and multinational clients before tribunals and first instance courts and presents pleadings. Ahmed also prepares courts documents including memoranda and evidence files and research and drafts legal opinions. In […]
read moreAntitrust Update: Egyptian Competition Authority Announcement
Following the enactment of the pre-merger clearance regime (the “New Regime”), repealing the post-merger notification regime and introducing the pre-merger clearance regime, the Egyptian Competition Authority (the “ECA”) has released a statement on its official website (the “Statement”) clarifying to the market the plan of action with regards to the New Regime. In the Statement, […]
read moreAmendments to the VAT Executive Regulations offer New Incentives for End Consumers, Retailers and Service Providers
As part of the growing efforts to improve the Egyptian taxation system and the efficiency of the tax collection process, amendments to the Value Added Tax (“VAT”) Law executive regulations No. 77 of 2017 (the “Executive Regulations”) have been enacted. The amendments aim to enhance the use of electronic tax invoices by retailers and service […]
read moreSecuritization of Future Cashflow: New Milestone for a Diversified Financial Market
Following amendments to the Capital Market Law earlier this year introducing issuance of bonds covering future cashflows, the Financial Regulatory Authority’s (“FRA”) Board of Directors Decree No. 115 of 2022 (the “Decree”) introduced more implementation details relating to future cashflow securitization. We will outline the major provisions of the Decree below. General Conditions Securitization companies […]
read moreSupplements and Complementary Medical Products to Fall under EDA Jurisdiction
On 8 September 2022, the Egyptian Drug Authority (“EDA”) issued Decree No. 572 of 2022 (the “Decree”) transferring the registration of supplements and complementary medical products (collectively “Supplements”) from the EFSA to the EDA. We shall delve into the key highlights of the Decree as follows: Key highlights of the Decree Supplements are defined as […]
read moreDiversification of the Egyptian Green Economy: New Financial Instruments for a Sustainable Future
Prime Minister Decree No. 3456 of 2022 amending the executive regulations of the Capital Markets Law No. 95 of 1992 (“CML”) introduced new sustainable investment bonds while amending the overall framework of investment funds (the “Amendments”). The Amendments were enacted conveniently in line with Egypt hosting the 27th Conference of the Parties to the United […]
read moreFRA issues New Amendments to the EGX Listing Rules
In an effort to encourage the listing of securities on the Egyptian market, the Financial Regulatory Authority (“FRA”) issued Decree No. 73 of 2022 (the “Decree”) amending the FRA Decision No. 11 of 2014 which regulates rules for listing and delisting securities (the “Listing Rules”) on the Egyptian Stock Exchange (the “EGX”). The Decree was […]
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